In 2023, employment in the renting and leasing of motor vehicles sector in the UK was at 47.21 thousand full-time equivalents. Forecasted data from 2024 to 2028 shows a steady increase in employment, with year-on-year variations averaging around 1.47%, reflecting gradual industry growth. The Compound Annual Growth Rate (CAGR) across the five-year forecast period is estimated at 1.46%, indicating consistent expansion.

Future trends to watch for include:

Technological advancements in vehicle leasing platforms could streamline operations.
Shifts in consumer preferences towards electric and hybrid vehicle rentals.
Potential regulatory changes affecting leasing agreements and vehicle usage.
Economic conditions influencing fleet investments and employment growth rates.